Haekwon commenced as a lecturer of finance at the University of Sydney in 2018. His research focuses on institutions, lending, and capital structure.
Haekwon’s research interest is in empirical corporate finance. His current research focuses on corporate debt structure. His paper (with Kee Chung and Veljko Fotak) finds that firms rely more on private debt financing over public debt financing in competitive product markets because of high disclosure costs, despite private debt being relatively expensive due to bank’s rent extraction. Another paper (with Veljko Fotak, Feng Jiang, and Erik Lie) documents that while private debt lenders react strongly to the revelation of corporate misbehavior, lenders in public debt market do not, which results in unethical firms increasing their reliance on public debt. Haekwon is also interested in determinants of lending contract design. His paper (with Veljko Fotak and William Megginson) provides evidence that risk from weak property rights institutions have a significant impact on cross-border syndicated lending contracts while the risk can be mitigated by means of Bilateral Investment Treaties.
Publications
Journals
- Fotak, V., Jiang, F., Lee, H., Lie, E. (2023). Trust and Debt Contracting: Evidence from the Backdating Scandal. Journal of Financial and Quantitative Analysis, 58(2), 615-646. [More Information]
- Fotak, V., Lee, H. (2020). Public-private co-lending: Evidence from syndicated corporate loans. Journal of Banking & Finance, 119, 105898. [More Information]
- Fotak, V., Lee, H., Megginson, W. (2019). A BIT of investor protection: How Bilateral Investment Treaties impact the terms of syndicated loans. Journal of Banking & Finance, 102, 138-155. [More Information]
Conferences
- Lee, H., Fotak, V., Megginson, W. (2017). A BIT of Investor Protection: How Bilateral Investment Treaties and Government Expropriations Affect the Terms of Syndicated Loans. 26th Annual Meeting of the European Financial Management Association (EFMA 2017), Athens, Greece: European Financial Management Association.
- Lee, H., Fotak, V., Jiang, F., Lie, E. (2017). Trust and Debt Contracting: Evidence from the Backdating Scandal. Financial Management Association European Conference 2017, Lisbon, Portugal: Financial Management Association (FMA).
- Lee, H., Fotak, V., Jiang, F. (2017). Unethical Behavior and Debt Contracting: Evidence from Backdated Option Grants. Asian Finance Association Annual Conference 2017, Seoul, Korea: Asian Finance Association.
2023
- Fotak, V., Jiang, F., Lee, H., Lie, E. (2023). Trust and Debt Contracting: Evidence from the Backdating Scandal. Journal of Financial and Quantitative Analysis, 58(2), 615-646. [More Information]
2020
- Fotak, V., Lee, H. (2020). Public-private co-lending: Evidence from syndicated corporate loans. Journal of Banking & Finance, 119, 105898. [More Information]
2019
- Fotak, V., Lee, H., Megginson, W. (2019). A BIT of investor protection: How Bilateral Investment Treaties impact the terms of syndicated loans. Journal of Banking & Finance, 102, 138-155. [More Information]
2017
- Lee, H., Fotak, V., Megginson, W. (2017). A BIT of Investor Protection: How Bilateral Investment Treaties and Government Expropriations Affect the Terms of Syndicated Loans. 26th Annual Meeting of the European Financial Management Association (EFMA 2017), Athens, Greece: European Financial Management Association.
- Lee, H., Fotak, V., Jiang, F., Lie, E. (2017). Trust and Debt Contracting: Evidence from the Backdating Scandal. Financial Management Association European Conference 2017, Lisbon, Portugal: Financial Management Association (FMA).
- Lee, H., Fotak, V., Jiang, F. (2017). Unethical Behavior and Debt Contracting: Evidence from Backdated Option Grants. Asian Finance Association Annual Conference 2017, Seoul, Korea: Asian Finance Association.
2016
- Lee, H., Fotak, V. (2016). Property Rights and Foreign Lending: Evidence on Bilateral Investment Treaties, Expropriations, and Syndicated Loans. 29th Australasian Finance and Banking Conference, Sydney, Australia: Australian School of Business, University of New South Wales.
- Lee, H., Fotak, V. (2016). Property Rights and Foreign Lending: Evidence on Bilateral Investment Treaties, Expropriations, and Syndicated Loans. 43rd Annual Meeting of the European Finance Association (EFA) 2016, Hamburg, Germany: European Finance Association (EFA).
- Lee, H., Fotak, V. (2016). The Impact of Political Risk on Foreign Lending: Evidence on Bilateral Investment Treaties, Expropriations, and Syndicated Loans. 20th Annual European Conference of the Financial Management Association International (FMA), Tampa FL, United States: Financial Management Association (FMA).
2015
- Lee, H., Fotak, V. (2015). The Impact of Political Risk on Foreign Lending: Evidence on Bilateral Investment Treaties, Expropriations, and Syndicated Loans. 2015 Meeting of the Southern Finance Association, Captiva Island, United States: Southern Finance Association.
- Lee, H., Fotak, V. (2015). The Impact of Political Risk on Foreign Lending: Evidence on Bilateral Investment Treaties, Expropriations, and Syndicated Loans. 2015 Meeting of the Financial Management Association, Orlando, United States: Financial Management Association (FMA).
- Lee, H., Fotak, V. (2015). The Impact of Political Risk on Foreign Lending: Evidence on Bilateral Investment Treaties, Expropriations, and Syndicated Loans. 2015 Edinburgh Corporate Finance Conference, Edinburgh, United Kingdom: University of Edinburgh.
Selected Grants
2024
- Limited Access to Labor Markets and Incentives to Form R&D Alliances, Lee H, Cho D, Accounting and Finance Association of Australia and New Zealand (AFAANZ)/Research Grant